Answer:
The correct answer is (b)permitted because the contract is just for music lessons.
Explanation:
Recall that,
Johann, a well known musician agrees to give out ten lessons of guitar to Elton for an amount of $ 2000. this contract forbids delegation.
Since Johann delegates his obligation to Eugene who is a second year student in music, then his delegation is only allowed because the contract is to take music lessons and nothing more.
Answer:
employee
Explanation:
The Michigan Studies on leadership was a study done on leadership in the 1950s at the University of Michigan.
The Michigan Studies on leadership identified two types of leadership behaviour. They are :
1. Employee Centred behaviour : focuses on the employee and their needs.
2. The production centred behaviour : focuses on the production process and views employees as a means to achieve production.
Research shows that the employee centred behaviour is the most effective leadership style
Answer: A technological advancement will result in an outward shift of the production possibility curve.
Explanation:
A production possibility curve (PPC) is a curve that shows the various combinations of the amounts of two goods that can be produced using the given resources and technology. It is a graphical representation that shows all possible output options for two products which can be produced utilizing all factors of production by efficiently utilizing the given resources and time.
A production possibility curve shows several economic concepts like economies of scale, allocative efficiency, productive efficiency, opportunity cost and scarcity.
An outward shift of the production possibility curve means there's an improvement in the economy as more goods are produced with the same inputs. A technology advancement will lead to an outward shift of the production possibility curve. This means that more goods will be produced by using the same amount of inputs.
Answer:
I really need this answer as well plz help
Answer:
Instructions are below.
Explanation:
Giving the following information:
Fixed costs= $240,000
Unitary variable cost= $1.97
Selling price per unit= $4.97.
First, we need to calculate the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 240,000 / (4.97 - 1.97)
Break-even point in units= 80,000 units
<u>The break-even point analysis provides information regarding the number of units to be sold to cover for the fixed and variable costs.</u>
If the forecasted sales are 120,000, this means that the company will cover costs and make a profit. The margin of safety is 40,000 units.